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Peak Project Management, LLC <br />34115 County Road 20.8 Trinidad, CO 81082 <br />Telephone: (719) 846-4975 Fax: (719) 846-4930 Cell: (719) 859-0111 <br />ronthompson@wildblue.net <br />January 10, 2009 <br />Mr. Kent Gorham <br />Division of Reclamation, Mining and Safety <br />1313 Sherman Street, Room 215 <br />Denver, CO 80203 <br />Re: New Elk Mine <br />Permit No. 81-012 <br />Bonding for New Facilities <br />Dear Mr. Gorham: <br />?? ;I pN 1 `4`909 <br />ision of K °imration, <br />L'' ` t?Ainin j?a??'s?ety <br />The new facilities consist of the re-installation of the East Portal Fan and the East Portal Hoist <br />House. These facilities were previously dismantled, but were never Phase I bond released. <br />Therefore, bonding should still be in place for these facilities. The attached schedule estimates <br />the operator calculated change in bonding for these two facilities. <br />If you have any questions, please call me. <br />S <br />Ronald Thompson <br />Agent <br />Enclosure: <br />RN-5 Bonding Schedule